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Latest: Fintech News

Tariffs Must be Scrapped if US Truly Wants a Trade Fix: China
Tariffs Must be Scrapped if US Truly Wants a Trade Fix: China

Trump administration could lower tariffs on Chinese goods to 50-65%, pending talks with Beijing, a source said. But Beijing says no talks have been held yet

US Lawmakers Target Three China Telcos Over Security Concerns
US Lawmakers Target Three China Telcos Over Security Concerns

Lawmakers are concerned about 3 Chinese firms despite bans on them providing telecom services, as they still run equipment, software and cloud-based systems in the US

Chinese Exporters Slow to Switch to ‘Weak’ Domestic Market
Chinese Exporters Slow to Switch to ‘Weak’ Domestic Market

Many export firms have baulked at Beijing's call to focus more on the domestic economy, amid weak demand, low profits and issues stemming from the lack of a social security net

China Follows US Playbook in Rare Earth Crackdown; Tesla Hit
China Mocks Trump’s Turnaround: ‘Tariffs to Drop Substantially’
‘Underground’ Banking System Set up For China-Russia Trade
World Faces ‘Significant Slowdown’ From US Tariffs, IMF Says
Vance Pushes Closer US-India Ties, Issues Curious Warning
Cyber Scam Hubs Spread From Asia Like a Global Cancer: UN
Second Boeing Jet Flying Back From China to the US, Data Shows

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors